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house or rather, president obama and the house speaker have spoken tonight. good news. this after they each fired another shot in the ongoing fight over how to resolve this fiscal cliff mess. cnn is now getting details about two new offers that were made and previously undisclosed, too. they kept a pretty tight lid on them. one of them by president obama, that was yesterday, then a counteroffer by the speaker. that was today. all of this as the president tells abc news tonight that he is confident that republicans will not hold middle class tax cuts hostage. so there's a lot of news that's all of a sudden coming out. after some relative quiet. our white house correspondent dan lothian is on the case and joins me now by telephone, because you've been working your sources. take me into the conversation. all of this breaking late today and it sounds good. it sounds at least like there's some movement, dan. >> reporter: that's right. that's always been the issue, because as you know, it was just last week we were talking about the fact that there were no talks on
house or rather, president obama and the house speaker have spoken tonight. good news. this after they each fired another shot in the ongoing fight over how to resolve this fiscal cliff mess. cnn is now getting details about two new offers that were made and previously undisclosed, too. they kept a pretty tight lid on them. one of them by president obama, that was yesterday, then a counteroffer by the speaker. that was today. all of this as the president tells abc news tonight that he is...
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there was a hint of movement on the fiscal cliff deal between president obama and speaker boehner yesterday. here's where things stand for now. the white house sent over a proposal that lowered the revenue target for the president obama from $1.6 trillion to $1.6 trillion. he also increased spending cuts to $600 billion. so you have three things he's moving on there. speaker boehner was not impressed sending over his original offer of $800 billion in revenue. by the way that was the number last summer, summer of '11. acknowledged there's a long way to go. let's listen to him. >> i remain the most optimistic person in this town, but we've got some serious differences. the president and i had a pretty frank conversation about just how far apart we are. >> and in an interview with barbara walters, the president held firm and said time is running out. >> taxes are going to go up one way or the other. and i think the key is to make sure that taxes go up on the high end individuals like you and me, barbara. we can afford it. it is entirely possible for us to come up with a deal, but time is runni
there was a hint of movement on the fiscal cliff deal between president obama and speaker boehner yesterday. here's where things stand for now. the white house sent over a proposal that lowered the revenue target for the president obama from $1.6 trillion to $1.6 trillion. he also increased spending cuts to $600 billion. so you have three things he's moving on there. speaker boehner was not impressed sending over his original offer of $800 billion in revenue. by the way that was the number last...
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fox news confirming president obama and the house speaker did talk on the phone today and traded proposals. advisers to the presidency the two sides are making progress. as with a market, stocks finied well off of flies, but still up solidly. the dow up 79 points, s&p nine, nasdaq 35. all three indexes moving above their 50 day moving averages for the first time in three months. volume picking up on the big board. three and a half billion shares traded. technology, the principal driver in the market. microsoft up on news it is upn production of its surface table, service tablet to better compete with appe, on a bullish report from merrill lynch about the growth of the smart phone and ipad markets. aig stock up on news the government sold the remaining common shares it holds. the sale means taxpayers realize the profit of $22 billion on the iginal bailout of 1,802,000,000,000. prices in the bond market down, pushing the yield on the treasury ten year to 165%. crude oil up. the price of a barrel of oil still under $86. the federal reserve and its today meeting on monetary policy and interest
fox news confirming president obama and the house speaker did talk on the phone today and traded proposals. advisers to the presidency the two sides are making progress. as with a market, stocks finied well off of flies, but still up solidly. the dow up 79 points, s&p nine, nasdaq 35. all three indexes moving above their 50 day moving averages for the first time in three months. volume picking up on the big board. three and a half billion shares traded. technology, the principal driver in...
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, saying he and president obama have their work cut out for them, is it time to get counselling, here is what some are tweeting the show. jason said, congress members are all spoiled and bratty kids, they need a firm hand to their back side, they should get paid for what they get done, no more salary. >> they need to get their heads out of politics and do what is right for the country. >> and does congress need counselling? 90% said yes, 10% said no. must have been their parents,. >> dave writes, medicare and social security are retirement programs we've been paying into for 40 years. >> i am 73 years old, and am sick of off
, saying he and president obama have their work cut out for them, is it time to get counselling, here is what some are tweeting the show. jason said, congress members are all spoiled and bratty kids, they need a firm hand to their back side, they should get paid for what they get done, no more salary. >> they need to get their heads out of politics and do what is right for the country. >> and does congress need counselling? 90% said yes, 10% said no. must have been their parents,....
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woodruff: this evening president obama and house speaker john boehner spoke by phone after the two sides exchanged new proposals this week in fiscal cliff negotiations. and late today mr. obama said the administration will recognize a calition o syrian opposition groups. online, we look at a truly long- term reporting assignment. hari sreenivasan has more. >> sreenivasan: paul salopek is about to spend seven years tracing the ancient path of human migration around the globe. we talked about his route, the shoes he'll wear, and his emphasis on "slow journalism." and what's it like to have breast cancer in the poorest nation in the western hemisphere? that's next from our series with "pri's the world" on cancer in the developing world. all that and more is on our web site, newshour.pbs.org. ray? >> suarez: and that's the newshour for tonight. on wednesday, we'll look at the world in the year 2030. one intelligence report projects china will be on top economically, and the u.s. will be energy-independent. i'm ray suarez. >> woodruff: and i'm judy woodruff. we'll see you online, and again he
woodruff: this evening president obama and house speaker john boehner spoke by phone after the two sides exchanged new proposals this week in fiscal cliff negotiations. and late today mr. obama said the administration will recognize a calition o syrian opposition groups. online, we look at a truly long- term reporting assignment. hari sreenivasan has more. >> sreenivasan: paul salopek is about to spend seven years tracing the ancient path of human migration around the globe. we talked...
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while talks between speaker boehner and president obama over the past three days have been shrouded in secrecy, we've learned there have been two offers put on the table. the white house sent boehner a proposal on monday calling for $1.4 trillion in tax revenue, $200 billion less than the original offer. might that seal the deal? >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> okay then. the speaker's office responded with a deal of its own. yesterday it included precisely the same amount of revenue from the original proposal, $800 billion, which indicates there may have been concessions else where. a democratic source close to the white house tells nbc news the proposal included a permanent extension of the bush tax cuts. that is highly unlikely to fly, given the hard line the president has taken on tax rates and what he told barbara walters in an interview airing this friday on "20/20." >> taxes are going to go up one way or another and the key is to make sure taxes go up on high-end individuals like you and me, barbara, we c
while talks between speaker boehner and president obama over the past three days have been shrouded in secrecy, we've learned there have been two offers put on the table. the white house sent boehner a proposal on monday calling for $1.4 trillion in tax revenue, $200 billion less than the original offer. might that seal the deal? >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> okay then. the speaker's office responded with a...
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. >> there is big news tonight out of washington where speaker john boehner and obama are talking. this is actually not nothing, not in this town. early last week they really weren't talking, and neither were their staffs. progress on what to do about all those expiring tax cuts and schedule spending cuts and that possible recession congress might create, totally stalled. but now today they are talking, and their staffs are talking, and they're even exchanging paper, real paper. news leaked today that in the last few days, there have been new offers and new counteroffers in the negotiations. but they sound, to be honest, not that different from the old offers. reports that mr. obama has gone from $1.6 trillion in taxes to $1.4 trillion but hasn't budged much on entitlements. mr. boehner really hasn't moved on taxes at all. he is still i'm told at $800 billion, although details on his offer are sparse. earlier today i asked michael steele, john boehner's press secretary for details on the, quote, deal. i was writing quickly and meant to say offer, but i wrote deal. he wrote back we
. >> there is big news tonight out of washington where speaker john boehner and obama are talking. this is actually not nothing, not in this town. early last week they really weren't talking, and neither were their staffs. progress on what to do about all those expiring tax cuts and schedule spending cuts and that possible recession congress might create, totally stalled. but now today they are talking, and their staffs are talking, and they're even exchanging paper, real paper. news...
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the fiscal cliff deal to president obama. let's go right to rich edson for more on this breaking story. rich? >> aidesay this is an exchange of partia proposals to try to get the ball moving a little bit after some type of impasse over the last few days. this is basically an offer that the houseepublicans say they have just sent to the white house but there are still major difference ares here. this is from a boehner spokesperson saying the longer the white house slow-walks this process the closer our economy gets to the fiscal cliff. there is major business lobbyist out there telling us right now the discussions are focusing on process. how do to it. not necessarily substance. so there are no details on what these offers exactly state. they're not even really getting out on capitol hill right now. so we're still watching it to maintain. again you've got the exchange of partial offers at least coming out of the white house and from house republicans but they still remain fairly far apart. melissa: rich, you have been right in
the fiscal cliff deal to president obama. let's go right to rich edson for more on this breaking story. rich? >> aidesay this is an exchange of partia proposals to try to get the ball moving a little bit after some type of impasse over the last few days. this is basically an offer that the houseepublicans say they have just sent to the white house but there are still major difference ares here. this is from a boehner spokesperson saying the longer the white house slow-walks this process...
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speaker boehner countered with another offer. and lawmakers were expressing pessimism that a deal was close leading kevin mccarthy to say, i think it is getting worse and not better. stock futures are higher as investors wait for news on whether the federal reserve will announce a new stimulus plan today. regulators have launched three rounds of quantitative easing since the crisis hit. ben bernanke will be held in news conference and you could hear live right here on c-span radio. those are some of the latest headlines on c-span radio. [video clip] >> the white house was very controversial. l'enfant designed washington city. there was a competition and he submitted the design for a palace. americans were not having a palace. it was not particularly awe- inspiring. in fact, in 1821, a european diplomat told the congress that it was neither large nor awe- inspiring. but the answer the congressman gave said the building served its purpose. if it were larger and more elegant, perhaps some president would be inclined to become its pe
speaker boehner countered with another offer. and lawmakers were expressing pessimism that a deal was close leading kevin mccarthy to say, i think it is getting worse and not better. stock futures are higher as investors wait for news on whether the federal reserve will announce a new stimulus plan today. regulators have launched three rounds of quantitative easing since the crisis hit. ben bernanke will be held in news conference and you could hear live right here on c-span radio. those are...
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. >>> coming up, can president obama and speaker boehner find room for compromise? our next guest explains how the presidential campaign has undermined the fiscal cliff negotiations. we're back in a moment. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. >>> welcome back to "morning joe" on this wednesday morning. still a little chilly. no big storm
. >>> coming up, can president obama and speaker boehner find room for compromise? our next guest explains how the presidential campaign has undermined the fiscal cliff negotiations. we're back in a moment. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word...
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the speaker pro tempore: the gentlelady from new york. ms. slaughter: mr. speaker i'm pleased to yield two minutes to the gentleman from minnesota, mr. wauleds. the speaker pro tempore: the gentleman is recognized for two minutes. mr. waums: thank you mr. speaker. -- mr. walz: thank you mechanic. -- mr. speaker. my discharge petition at the zesk a discharge petition the american people spoke loudly in. we faced an election and the message is clear to me, why do you continue to bicker and make these ka bouquet dance statements with one another when it shouldn't be that difficult. we came out of a constitutional convention, when i asked james madison what the secret to this new government was, compromise, compromise, compromise. to sit here and do what we're doing, not bringing this forward and releasing the tension on the middle class, making sure the economy knows there's stability amongst taxes, is holding our economy back. it's insulting to the american people. s that nation that won two world wars. this is a nation that split the atom. this is a nation t
the speaker pro tempore: the gentlelady from new york. ms. slaughter: mr. speaker i'm pleased to yield two minutes to the gentleman from minnesota, mr. wauleds. the speaker pro tempore: the gentleman is recognized for two minutes. mr. waums: thank you mr. speaker. -- mr. walz: thank you mechanic. -- mr. speaker. my discharge petition at the zesk a discharge petition the american people spoke loudly in. we faced an election and the message is clear to me, why do you continue to bicker and make...
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peter doocy is life in washington. >> the speaker of the house john boehner thinks that president obama moved the goal post again yesterday. even though the president is asking for 1.4 trillion in new taxes over the decade which is 200 billion less than the initial offer, the republicans are not moving. their counter offer for 800 billion over a decade same as before and republican aids are telling us there is's big gulf between the sides on detailings. republicans don't think that the president is specific enough about the spending cuts he's willing to pass. >> the president doesn't agree with our approach. he's got an obligation to put forward a plan to pass both chambers of congress. right now the american people have to be scratching their head and wondering when the president is going to get serious. >> officials privately expresss would increased optimism about a deal with one senior audiovisor saying that democrats and republicans moved 75 percent of the way toward a deal and in an brew with barbara walters on abc, president obama said he is optmistic that there are enough people
peter doocy is life in washington. >> the speaker of the house john boehner thinks that president obama moved the goal post again yesterday. even though the president is asking for 1.4 trillion in new taxes over the decade which is 200 billion less than the initial offer, the republicans are not moving. their counter offer for 800 billion over a decade same as before and republican aids are telling us there is's big gulf between the sides on detailings. republicans don't think that the...
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i continue to hope that speaker boehner and president obama will negotiate a deal north of $4 trillion before year end, but i think we should also prepare now for the possibility that they will not, especially based on recent conversations. the next opportunity we have to make the structural transform alternative -- transformative to medicare and medicaid will be during the debt ceiling vote which will be coming up right after the first of the year as soon as we get back. i'm introducing dollar for dollar legislation that will raise the debt ceiling by roughly $1 trillion in exchange for roughly $1 trillion in reforms to social security, medicare and medicaid. this puts into legislative language many of the concepts laid out in bipartisan simpson-bowles and domenici-rivlin proposals. this bill meets our obligations to older and younger americans. young americans expect us to solve our fiscal issues so they aren't saddled with debt and robbed of their opportunity for the american dream, and seniors expect us to honor the commitments that we have made to them. if we act now, we will be a
i continue to hope that speaker boehner and president obama will negotiate a deal north of $4 trillion before year end, but i think we should also prepare now for the possibility that they will not, especially based on recent conversations. the next opportunity we have to make the structural transform alternative -- transformative to medicare and medicaid will be during the debt ceiling vote which will be coming up right after the first of the year as soon as we get back. i'm introducing dollar...